Planet Recruit has new owner

Bought for £3m shares

PlanetR ecruit, a leading UK jobs site, has a new owner, the hotgroup, which is buying the company for
£3m in shares, the trade publication Online Recruitment reports today.

The hotgroup, formerly known as RexOnline, reckons the enlarged company is the UK's fifth biggest online recruitment business. Planet Recruit posts IT vacancies on its jobs board, but it is a generalist site, plastering ads on the likes of MSN UK.

The Cambridge, UK company claims 60,000 job postings a month, entirely from recruitment agencies. And - the nirvana of recruiters - it has a whopping 300,000 CVs uploaded onto the site. ®